{"data":{"id":"us-mi/mich.-comp.-laws-570.151","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 570.151","heading":"Building contract fund; status as a trust fund.","body":"Sec. 1.\n\nIn the building construction industry, the building contract fund paid by any person to a contractor, or by such person or contractor to a subcontractor, shall be considered by this act to be a trust fund, for the benefit of the person making the payment, contractors, laborers, subcontractors or materialmen, and the contractor or subcontractor shall be considered the trustee of all funds so paid to him for building construction purposes.","path":["MI Code","Chapter 570","Act Act-259-of-1931"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-570-151","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"dec103b22c2a0d26d506903ba96056863343364fa4c0b86ee71d3a9644dc7953","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-570.201","next":"us-mi/mich.-comp.-laws-570.152"},"notice":"GroundRules: Original legal text. Not legal advice."}